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$2,622 (target)

234 3rd Ave, Cranston, RI 02910

3 beds • 3 baths • 1948 sqft

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This property looks like a bad Long-Term investment with a projected -13.6% first-year return on $101k initial cash invested.

-13.6%

Cash On Cash

3.55%

Cap Rate

0.58

DSCR

$2,622

Rent

-$1,142

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,622 income − $3,764 expenses = $1,142 out of pocket

Income$2,622Out of Pocket$1,142Mortgage P&I$2,43193%Property Taxes$48418%Insurance$1686%Management$26210%CapEx$1315%Vacancy$1576%Maintenance$1315%

Investment Breakdown

|

Purchase Price

$480k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$95,960

Closing costs

1%

$4,798

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,622

Total Expenses

$3,764

Mortgage P&I

93%

$2,431

Property Taxes

18%

$484

Home Insurance

6%

$168

HOA

0%

$0

Property Management

10%

$262

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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